MACD/Trendline Swing Trader

Look at the FAS chart carefully (FAZ opposite of course).. On each of the swings I have shown it never violates a prior day low (long) or high (short).. This last swing on FAZ lasted 7 days where an unemotional trader moved his/her stop daily at market close... With the smaller swings a scratch trade would have been the result.. The desired situation of course is a small (doji?) day to use for the reversal.. AND to absolutely take the reversal signal.. Main problem here for me which is why it is difficult to serve 2 masters is focusing so much on the 5 minute you don't see the peaceful daily trend.. hence I've sworn off day-trading.. (till I change my mind again..)

I'll be rich when I get unemotional.. LOL.. Hindsight is great!
 

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Quote from retire45:

Look at the FAS chart carefully (FAZ opposite of course).. On each of the swings I have shown it never violates a prior day low (long) or high (short).. This last swing on FAZ lasted 7 days where an unemotional trader moved his/her stop daily at market close... With the smaller swings a scratch trade would have been the result.. The desired situation of course is a small (doji?) day to use for the reversal.. AND to absolutely take the reversal signal.. Main problem here for me which is why it is difficult to serve 2 masters is focusing so much on the 5 minute you don't see the peaceful daily trend.. hence I've sworn off day-trading.. (till I change my mind again..)

I'll be rich when I get unemotional.. LOL.. Hindsight is great!
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I'm not out to change your trading style. Up until the past few weeks when you tried changing it, you've done incredible. But for me, I believe if you are going to swing a few days, a tripled leveraged etf is to much of a gamble. I have (knock on wood) been able to differentiate the the fake-outs and true reversals intraday thus far.
 
buckoboy...

Not even remotely suggesting you change your style. I believe anyone that can consistently trade FAZ/FAS intrday day profitably probably is in the best possible situation. My point was even for swing trading, there is a method to the madness as long as you STAY in one time frame especially for the exit decision.
 
A couple of good looking charts.. (I am short AGU and STI today).. Looking to short GES tomorrow.. ANN on watch for break. Opened futures acct.. good way to burn account quicker with e-minis...
 

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Haha, I almost shorted STI yesterday and this week I've been thinking heavily about opening a futures account too... Maybe it's due to reading your thread for so long. Which broker are you using for futures?
 
Tradestation.. Looks like it will take all weekend to learn the software though... quite complex. I like the Simulation mode though! Probably make a fortune with it!! Futures trade 24/7!! If I can't sleep I can go trade... Her majesty will have more reasons to kill me..
 
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